Artificial intelligence managed to defraud a company thanks to a never-before-seen trick. The fact is alarming everyone.

We knew that sooner or later it would happen: artificial intelligence is a very powerful tool – and everything must be done to ensure that it remains a means, not an entity that has a life of its own – which can be used to create very useful applications for human life. But there is also the flip side of the coin.

Sensational scam against a company with artificial intelligence – 24log.it

In fact, AI can also be used by criminals who simply intend to defraud others by drawing a minus sign in their pockets and a plus sign in their own. As in this case, where the coup achieved by the scammers was very substantial, not to mention sensational.

Thanks to artificial intelligence, criminals have designed a scam that is truly incredible. To do this they used a trick never seen before which, understandably, is alarming half the world. Here’s what happened.

AI scam against a company: this is what happened

Have you ever heard of deepfake? They are nothing more than fake images or videos created by artificial intelligence. The problem is that these images have such a high level of verisimilitude that they almost seem more real than life. Scammers have resorted to this technique in what has already been dubbed "the most expensive video call ever".

Artificial intelligence was used to set up a colossal scam – 24log.it

It happened in Hong Kong where an important financial company suffered a million-dollar scam due to a deepfake video call in which a fake manager created by AI showed up. This is the first case in the former British colony of a deepfake scam via video call. According to what has been learned, a company employee was invited to a video call with the financial director (based in London) together with other colleagues.

But he was a "Deepfake CFO," a sort of digital copy of the real CFO who asked employees to make money transfers to various bank accounts. The employee, after some initial doubts, punctually carried out the instructions of what he believed to be the real financial director. In total, the company was defrauded of 25 million dollars.

According to Hong Kong police, the scammers created the deepfake by downloading videos of previous conferences held at the company. In this way they were able to digitally replicate the look and voice of the CFO.

The $25 million video call scam shows just how looming the deepfake threat is, and not today. Unfortunately, thanks to the boom in artificial intelligence, it is easy to predict that similar scams will spread increasingly and become increasingly sophisticated.